Untitled Document

April 2018

CCIS NEWS

National Conference on the Internationalization of the Slovene Economy  

On 6 April, over 350 businessmen, stakeholders supporting internationalization, and representatives of foreign embassies in Slovenia attended the first national conference on the internationalization of the Slovene economy. Slovenia depends on export, said Boštjan Gorjup, CCIS President. All other categories related to the general welfare of citizens are directly or indirectly related to what we sell, how much we sell, where we sell it and at what price. Mr Gorjup expressed his confidence that a good strategy can help us increase export growth from the current 35 billion euros annually to 50 billion euros annually by 2025. “To achieve this goal, we will gladly cooperate with all stakeholders on a national and corporate level to make this goal a part of their action plans.” The event was organised by the Ministry of Economic Development and Technology, the Chamber of Commerce and Industry of Slovenia, the Slovene Public Agency for Entrepreneurship, Innovation, Development, Investment and Tourism (SPIRIT) and the Ministry of Foreign Affairs.

On the First Day of the Broadcasting Media Discussing the Importance of Radio and Television

On 10 April, over 70 representatives from radio and television broadcasters discussed the role and importance of radio and television media in Slovenia, particularly on a local and regional level, and the innovations and challenges brought by new technologies.

At the 5th Conference of SMEs Discussing the GDPR

The Slovene economy is in dire need of the Personal Data Protection Act-2, which will be adapted in accordance with the European directive on personal data protection. Although this directive becomes effective on 25 May, enterprises, including micro, small and medium-sized enterprises, still have many unanswered questions. This is the main message of the 5th conference for micro, small and medium-sized enterprises which took place on 11 April, which focuses on the question “How to deal with novelties in implementing novelties in personal data protection (GDPR)”.

 
UPCOMING EVENTS

23–27 April: EEN Brokerage Event at the 2018 Hannover Messe Trade Fair

The Enterprise Europe Network (EEN) and its partner, the Chamber of Commerce and Industry of Slovenia, invite you to join the networking event that will take place in Hannover during the biggest world trade fair for industrial technology, the 2018 Hannover Messe. The chosen networking sectors correspond to the sectors covered by the 2018 Hannover Messe: digital factory, energy, integrated automation, mobility and drive technology, R&D and technology transfer, innovative supply solutions, and lightweight construction.

26 April: Energy Transition as an Opportunity for the Slovene Economy

Slovenia's energy transition to a low-carbon society is an exceptional challenge for the Slovene energy sector, the economy and all citizens of Slovenia. The projects to be implemented require professional staff and an appropriate organization of all those who participate in the investment process. The purpose of the conference is to give the economy the opportunity to co-create the Slovene energy future with its products, services and business models, all of which affect the well-being of all citizens by increasing value added and increasing exports.

16 and 17 May: B2B Meetings – Protective or Functional Food for Particular Nutritional Purposes

You are cordially invited to take part in B2B meetings with representatives of the food industry, on the topic of protective or functional food for particular nutritional purposes, called "Free from Functional Food 2018", which will take place on 16 and 17 May 2018 in the Swedish capital, Stockholm.

31 May to 2 June: Meeting with Representatives from Chinese Companies in Budapest at the 2018 China Smart Expo

In addition to the trade fair event, where over 500 Chinese companies will present themselves, the fair will also serve as the venue for organised B2B meetings with these companies (all Chinese companies are verified by the Ministry of Commerce of the People’s Republic of China (MOFCOM)) and, for the first time, with importers of food and drink products and other convenience products.

11 June: Business Delegation to Austria – Vienna

At the official visit of the General Manager of the CCIS, Sonja Šmuc, MSc, and the President of the CCIS, Boštjan Gorjup, in Austria, we are organising a visit from the Slovene business delegation in Vienna in cooperation with the Ministry of Foreign Affairs and local partners. The delegation wishes to address business opportunities arising for the Slovene economy in Austria and strengthen the commercial presence of existing Slovene exporters in the Austrian market, particularly for the automotive industry (mobility), ICT (digitalization, e-management, e-health), and the electric power and electronics industry (industry 4.0).

 
ACHIEVEMENTS

Agriculture Act Adopted

The amendment implements a new form of temporary and occasional work in agriculture and enforces stricter requirements on fair relations in the food supply chain. Amendments to the Agriculture Act will enable the possibility of temporary and occasional work in agriculture. This will allow the agricultural sector to employ contractors to do the necessary jobs in the required time frame according to the production process in the sector. With the aim of improving relationships in the food supply chain, which witnesses unfair practices because of the uneven bargaining power between stakeholders, deficiencies are remedied in those areas that have caused problems in practice.

 
BETTER REGULATION

The Posting of Workers is Not Properly Regulated

CCIS believes that the posting of workers is not properly regulated. Current practice incurs economic loss for companies, brings new administrative burdens, hinders the provision of services abroad and diminishes their competitiveness in foreign markets. The relevant bodies should issue clear and consistent instructions about the posting of workers. They should also specify the period in which the legislation on posted workers will be properly aligned. This process also involves the participation of the economy and social partners.

Where do you want this train to go?

We want more – these words, spoken by the public-sector trade unions, resonated on the streets at the beginning of this year. Because economic growth is high, because the budget is higher, because... To put it simply, we want this money for ourselves. This is how the demand for a billion euros worth of pay rise was argued. Not for providing better services, not for being more efficient, but for the fact that some people can force this to happen.

Stability programme: the social state has strengthened itself in the last two years

The stability programme is optimistic, but it does not address key long-term challenges in our society.

SMEs Memorandum 2018

The CCIS’s Chamber of Small Business and Trade, which organised the 5th conference of SMEs, reminds the legislators to “think small first” even in the area of changes to the personal data protection legislation, because the micro, small and medium-sized companies drive the development of the Slovene economy. The adoption of the act in this term and this convening of the National Assembly of the Republic of Slovenia is necessary. The current political situation poses the additional risk that the act proposal will not be considered by the National Assembly of the RS. The Chamber of Small Business and Trade has urged the adoption of the act proposal because it contains provisions necessary to implement the GDPR in Slovenia, particularly in 2018.

 
DATA SECTION

The April Cold Spell in the Eurozone

The economic climate in the Eurozone measured by the Munich institute IFO has reached the highest level in the first quarter (43.2 basis points) since the summer of 2000 and has significantly increased in comparison with the previous quarter (37 basis points). The improvement in the economic climate was mainly the result of more favourable evaluations of surveyed companies in France and Italy. The indicator has slightly increased in Germany, but decreased in the Netherlands. In the Eurozone, the February indicator of business climate (ECFIN) has slightly decreased (by 1.5 percentage points) following two months of growth and now stands equal the November 2017 level. The assessments of production and export orders slightly decreased, and the expectations regarding production lowered significantly. Composite leading indicators (OECD) continue to predict stable momentum for the entire OECD area. In Great Britain, this is an indicator of low economic activity. Among the major economies, India is an emerging economy; Brazil and Russia show signs of enhancing growth. The growth momentum is expected to continue in the industrial sector in China. Despite favourable prospects, we should not ignore the rising threat of protectionist policies, particularly the USA, which can negatively affect the current situation. Some sanctions targeting Russian companies contributed to the drop in the value of the rouble and the reduction in the value of Russian shares. Geopolitical risks are also increasing. This largely stems from the situation in the Middle East – attacks on Syria. Short-term indicators for Slovenia for this year are still above last year’s level. The value of construction work has increased (by 10% in the interim period), the trade in goods has recorded a high interim growth (11.2% in export), while the sales of private vehicles have recorded an interim growth of 17%. Inflation remains moderate; in March, it stood at 1.2% on the annual level.

Below you can find some statistical data for Slovenia:

 

Growth rates in % - in comparison to the same period of previous year

Latest data

GDP – real growth

6.2

4.q 2017, S.A.*

GDP – forecast for 2018**

3.9

Feb. 2018

Consumer prices (HICP)

1.2

Mar. 2018

Export of goods

11.5

Feb. 2018

Import of goods

9.8

Feb. 2018

Industrial production (manufacturing)

7.2

Feb. 2018

Retail sales w/o motor fuels (real)

0.0

Feb. 2018

Construction (real)

8.5

Feb. 2018

Exchange rate EUR/USD

1.2336

Feb. 2018

Diesel (EUR/liter), VAT incl.

1.311

Valid from Apr. 10th, 2018

*seasonally and calendar adjusted
**Eastern European Consensus

 

Issued by: Chamber of Commerce and Industry of Slovenia, Dimičeva 13, Ljubljana
Contact: poslovni.tednik@gzs.si, T: (01) 5898 000, eng.gzs.si

CCIS is a member of the European Enterprise Network Slovenia.

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